Updated almost 9 years ago on . Most recent reply
Waive Tax/Insurance Escrow to Lower DTI?
Looking at how to improve my DTI for next purchase and noticed that the mortgage payment on my credit report includes full escrow (taxes/insurance) which is significant at $1,200. Since its on my credit report it will be used for DTI calculations.
If I manage to get my mortgage company to waive escrow, and the payment reported to credit bureau decreases, will other banks ask me to provide them proof of the tax/insurance payment amount when calculating DTI ratios?